Mr and Mrs K's New Journey to a Debt Free Life.

gallygirl

I bought my 1st btl at the age of 38, with a 10k divorce settlement as
a deposit. At the time I was living in a pretty rough area but 10k wasn't enough to move to a better area so that seemed teh best long term plan.

Now it's 14 years later and I'll hopefully be retiring to live on mainly btl income in a few years* so don't give up :T



* as I've said before though, I'm cheap to run

AlexLK

mum2one wrote: »

Alex - Thank you, bit of a shock, she was a strong lady.

Your stuck with me, most of the time you make me smile...

We all provock situations, the thing is in arguments you know that persons weak spot and throw that at them, - the family arguements we've had over the years - we all know the strings to pull.

You sleep tight tonight - back on the debt free lifestyle tomorrow - and i'm off to bed - I have the pleasure of the dog snoring - he sneaked upstairs to bed earlier and I'm too big of a softie to move him... xx

I can see that , if I get round to reading her whole diary, I will leave a message.

:rotfl: You're probably laughing at what an idiot I can be.

Indeed and get that dog off your bed, mum! You do make me smile too ...

bess1234 wrote: »

Well done on the f and f letter:T:T:T that's the thing bout you Alex! In between the endless self torture, you actually achieve loads.

Please take your sons savings and go private with the counselling. That would be worth every penny spent. How long did the doc say the waiting list was? Being able to jump the queue is what you have money for. Our nhs counselling service has private appointments. Listening to your endless self torture is painful.

Imagine a day when you know you are a good dad, good musician, good son, good husband, good businessman, good teacher, and most importantly a good man. How easy would each day become. You are these things already, but your mind is messing with you.

I've always been the same :rotfl:, though in my younger years the only thing I had to worry about was getting assignments in on time. I could cope with that.

The money we have saved for our son is just that, for our son and his future. I suppose it's my little way of saying I can do something useful for once.

kerri_dfw wrote: »

Alex, I wouldn't say the BTL dream is pointless if doing it for 15yrs time, although I scoffed at "land owning class" as I know people earning £30k that are landlords. We're currently earning £60k between two of us,with a baby on the way, and saving up £60k in 3yrs to buy our first house which will be about £200k. Then we'll pay that off for the next 6yrs before saving another £60k to buy a second property so we can rent out the first. My partner will be 47 by the time we have two properties, neither of us think this is too old. In fact we believe this will enable us to relax a little when we're not feeling like being slaves to the man anymore as all bills will be covered by the rent.

:rotfl: Well, that was just how my father viewed things - not me. I actually know somebody that is the same age as me (not on here) that rents (cannot afford to buy his own place yet) yet has two (about to buy his third) BTL properties. Parents would be horrified. :rotfl:

Sounds like a really good plan, yours.

AlexLK

gallygirl wrote: »

I bought my 1st btl at the age of 38, with a 10k divorce settlement as
a deposit. At the time I was living in a pretty rough area but 10k wasn't enough to move to a better area so that seemed teh best long term plan.

Now it's 14 years later and I'll hopefully be retiring to live on mainly btl income in a few years* so don't give up :T

* as I've said before though, I'm cheap to run

Sounds like it paid off for you.

At one point my parents had a ridiculous amount financed (not just on properties) and in a way I suppose I always presumed I'd end up the same way - risking everything to eventually gain a lot. However, toward the end of my twenties I got somewhat "lost" and now don't have the credit file to do such things. Not sure it would even be good for me, anyhow.

Mara_uk7

F & F Letters gone yet Alex ?

Go on, You KNOW you want to

Once youre debt free .. you can start saving .. and thats almost as addictive as clearing your debt

kerri_dfw

here, here Mara...which reminds me I need to write a follow up one for OH, will pop off and do that whilst I remember.

VJsmum

<< delurks again >>

we also own a couple of BTL's - when my OH turned 50 (:eek: I feel so much older than most of you here :eek: though I am not (quite) yet 50) we took advantage of a pension loophole, too boring to go into. But essentially it gave us a lump sum with which we bought our first, and paid a monthly allowance that, with rent and savings enabled us to buy another after a couple of years. There is little other pension money but we live quite frugally most of the time and we hope to get another. So, bear in mind, he was 50 and I was mid-forties, our children are now 17 and 14 and we feel it is something of a security for us and for them in the future.

Oh, and Alex, look at my sig. Good enough really IS good enough you know.

mum2one

confession - hadn't got the heart to move the dog so I slept in the most arkward position!!

I was so nice this afternoon helped a neighbour help swop his gas and elec over - due to get £56 cashback... whoops I used my account... all money saving!!

How is this chaise thingie coming on... hope your all ok x

AlexLK

Thank you, all. In response:

Mara / Kerri: one is gone, I've offered 25%, we shall wait and see. OK I'm not expecting them to go for 25% but it starts negotiations if nothing else.

VJs: Thank you. I stand to inherit 12 BTLs in my later life anyway, so I don't suppose I see a need to add to it if I don't start soonish.

AlexLK

mum2one wrote: »

confession - hadn't got the heart to move the dog so I slept in the most arkward position!!

I was so nice this afternoon helped a neighbour help swop his gas and elec over - due to get £56 cashback... whoops I used my account... all money saving!!

How is this chaise thingie coming on... hope your all ok x

Well that was rather silly if you ask me.

Reckon I need help re. the gas and electric, completely helpless with it and god knows why I feel some kind of loyalty towards British Gas.

The Chesterfield is coming along nicely, though is not a chaise (you can get all sorts in Chesterfield style ... even a bar :rotfl:, now that is a little bit ... :eek:). I'm well enough, been working all day and still have things to do tonight (paperwork).

7roland8

AlexLK wrote: »

VJs: Thank you. I stand to inherit 12 BTLs in my later life anyway, so I don't suppose I see a need to add to it if I don't start soonish.

There we are Alex - just imagine all the pens you can stock up with then!!